The Accounting Edge eNewsletter is comprised of important and informative articles related to businesses, entrepreneurs, and individuals. The articles cover a broad range of topics from retirement planning to new accounting laws and regulations.
With winter around the corner and the threat of seasonal viruses looming, a second wave of COVID-19 poses a real threat to our health and business operations, according to Johns Hopkins Medicine. Statistics from the Centers for Disease Control and Prevention (CDC) reveal that the 2019-2020 flu season took 24,000 lives and sickened 39 million … Read More >
No surprise, but Americans are consuming and spending less since the coronavirus kicked in. Retail sales dropped to 8.7 percent in March, the largest month-over-month decline since the Census Bureau started tracking this data. Previously, the sharpest decline was less than half this – at 3.9 percent from October 2008 to November 2008, during the … Read More >
Small businesses nationwide were already facing cash problems before the COVID-19 pandemic, according to McKinsey & Company. The firm found that almost one-third of small businesses were either seeing losses or making just enough to stay in business, but not realizing profitability. Looking at businesses selling essential and non-essential items, McKinsey & Company reports that … Read More >
A bill to amend the Servicemembers Civil Relief Act to extend lease protections for servicemembers under stop movement orders in response to a local, national, or global emergency, and for other purposes (S 3637) – This bill extends the Servicemembers Civil Relief Act to protect service members who were previously issued orders to change duty … Read More >
Over the past 30 months, the price of a barrel of oil has increased from the mid-$30s to—in recent days—as high as the mid-$70s per barrel. At almost half the historic $150 per barrel price level nearly 10 years ago, how will the market react if oil reaches $150 again, as some analysts are speculating? … Read More >
A large number of Americans intend to keep working past retirement age. For many, their reasons are financial. Some have a high level of debt while others are afraid if they retire too soon, they will run out of money. Working longer offers several financial benefits. Those who put off retirement are able to: Accrue … Read More >
Every year we experience new challenges in the world of computer hacking —as well as new solutions. Cyber hackers have become aggressive, so business owners must be more vigilant. Because clients are the source of your revenue, it is critically important to ensure their data never gets into the wrong hands. According to a recent … Read More >
Investment banks can be a good predicator of the health of the market in the near future. Investment banks make the bulk of their money on mergers and acquisitions, initial public offerings and financing activities (bond issuances and syndicated loans). As a result, we can look at investment bank fees and performance as a proxy … Read More >
Exciting things are happening at Condley & Company, L.L.P., and we want to share the news. Click the links below for breaking news in financial services, as well as firm promotions and new employees. If you would like to speak with a Condley & Company professional, give us a call at 325.677.6251.
July 2020 — The local accounting firms of Condley and Company, L.L.P. and Ray & Company, P.C. recently announced a merger. Effective November 1, 2020, the accounting practice of Ray & Company, P.C. will become a part of Condley and Company, L.L.P.
“We have a great deal of respect for Hobby and Darlene Stevens … Read More >
This interactive calendar highlights important due dates for federal and state tax preparation, special firm events, and other activities of interest. The calendar is continually updated, so we encourage you to check back often to keep track of filing requirements and other deadlines.
Designed for new clients, this tax organizer can help facilitate your tax preparation. You can enter your information onscreen, print the completed document, and fax or mail it to our office. Current clients should contact the office to request a “proforma” tax organizer that includes prior year information and carryover data.
Looking for a federal tax preparation form? Browse our library of online tax forms to find downloadable IRS forms. The forms are presented in PDF format and are acceptable for filing with the IRS. You may also choose from dozens of helpful publications developed by the IRS to help taxpayers have a better understanding of tax preparation and various related issues. Available in PDF format, these publications are written in a plain language format geared specifically to taxpayers.